(Correcting number of shares and price of the sale by Marock.)
LONDON (Alliance News) - Charles Taylor PLC, which provides professional services to insurers and operates life insurance businesses in run-off, on Wednesday said Chief Executive Officer David Marock sold 315,985 shares at a price of 269 pence per share on Tuesday.
The deal is worth about GBP850,000 before expenses.
Following this transaction, Marock and his connected persons hold 404,975 shares representing 0.61% of the total voting rights.
The company also said Joe Roach, a regional chief executive, bought 60,000 shares at 268p each on Monday and Tuesday. Roach and his connected persons hold a total of 210,472 shares, representing 0.32% of the total voting rights.
The stock was up 3.2% at 268.25p late Wednesday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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